Daily Archives: September 27, 2016

Guide to Transfer Pricing with Transfer Pricing Audit -Book 2016

By | September 27, 2016

Guide to Transfer Pricing with Transfer Pricing Audit Paperback – 2016 BUY Guide to Transfer Pricing with Transfer Pricing Audit Paperback – 2016 As amended by Finance Act 2016 Paperback: 1308 pages Publisher: Taxmann; 6th Edition edition (2016) Language: English ISBN-10: 9350719126 ISBN-13: 978-9350719121 Product Dimensions: 23.9 x 15 x 4.6 cm  

Income Declaration Scheme – Counter to remain open till 12:00 midnight on 30th September, 2016.

By | September 27, 2016

In order to facilitate the declarants, counters for receiving declarations under the Income Declaration Scheme – 2016 to remain functional till 12:00 midnight on 30th September, 2016. In order to facilitate the declarants who would like to file the declaration in paper form under the Income Declaration Scheme, 2016, the Central Board of Direct Taxes… Read More »

GST- 8-layered security wall to protect GST data

By | September 27, 2016

The structure of the board of the Goods and Services Tax Network (GSTN) has enough safeguards to ensure the government has strategic control of the entity, its chairman has said, while asserting that security of sensitive data will have the highest level of protection. “Therefore, by the structure of the board itself the government has… Read More »

GST – No cash Payment above Rs 10000 at Counter

By | September 27, 2016

To make tax payments less cumbersome for taxpayers, the government has proposed that over-the-counter cash payments of 10,000 and above as tax by private companies and traders will not be allowed under the goods and services tax (GST) regime. The draft payment rules, released by the Central Board of Excise and Customs (CBEC), have instead… Read More »

Tripura assembly ratifies GST Bill

By | September 27, 2016

Tripura assembly on Monday unanimously ratified the Constitutional Amendment Bill on Goods and Services Tax (GST). State finance minister Bhanulal Saha moved a resolution to ratify the Constitution (122 Amendment) Bill, 2014, which was passed without any opposition. No legislators from Left Front, Trinamool Congress(TMC) or Indian National Congress raised any question on the GST… Read More »

GST- Offences and Penalties, Prosecution and Compounding- FAQs on GST by CBEC

By | September 27, 2016

Offences and Penalties, Prosecution and Compounding FAQs on GST released by CBC BUY Q 1. What are the prescribed offences under MGL? Ans. The Model GST Law codifies the offences and penalties in Chapter XVI. The Act lists 21 offences in section 66, apart from the penalty prescribed under section 8 for availing compounding by… Read More »

ICAI issued Ind AS- An Overview -Revised 2016

By | September 27, 2016

The Institute of Chartered Accountants of India Indian Accounting Standards (Ind AS): An Overview (Revised 2016) – (26-09-2016) This publication contains an overview of various aspects related to IFRS-converged Indian Accounting Standards (Ind AS) such as Roadmap for the applicability of Ind AS, carve-outs from IFRS/IAS, Changes in financial reporting under Ind AS compared to… Read More »